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The following items and amounts were taken from Oriole Companys 2022 income statement and balance sheet, the end of its firs

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Answer #1

1. Interest expense - Expense item

2. Interest payable - Liability

3. Notes payable - Liability

4. Sales revenue - Revenue

5. Cash - Asset

6. Salaries and wages expense - Expense item

7. Eqipment (net) - Asset

8. Depreciation expense = Expense item

9. Supplies - Asset

10. Common stock - Stockholder's equity

11. Retained earnings - Stockholder's equity

12. Supplies expense - Expense

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